The Melton ups buy-to-let LTV from 60% to 75%

The Melton Building Society has increased the loan-to-value on its buy-to-let products from 60% to 75% across its consumer, family and business ranges.

As part of Melton’s proposition landlords can have a portfolio of up to three properties with total borrowing of £500,000.

Nicola Alvarez, director of sales and marketing at The Melton, said: “Now customers only require a 25% deposit if they wish to invest in property to let and our family buy-to-let mortgage means customers can embrace the family financial resources and buy to let to family.”